Top Stories by Bryan J. Lima
I'm sure there are many people asking the question, "Is now the right time to
buy?". Nobody really knows for sure. However, there are some facts that you
can look at to help evaluate whether or not now is the right time to buy. For
one, mortgage rates are currently close to the lowest they've been in almost
50 years. In addition, home prices are low and probably close to the bottom.
There may be a little more ways to go, but I think we're close. With the
Spring homebuying season upon us, we may see an increase in sellers in the
market, which will increase inventory and possible push home values even
lower. Read more
According to Federal Reserve Chairman Ben Bernanke, an economic recovery will
not begin until next year. Read more
Along with low home prices and low mortgage rates, there's also the
First-Time Homebuyer Tax Credit of up to $8,000. This is an additional
I recently discovered a great new service brought to you by Google. If you're
tired of paying to call 411, this is a perfect alternative. It's called
GOOG-411 and it's free!
All you have to do is dial 1-800-GOOG-411 from you phone. For all you
BlackBerry users it's 1-800-466-4411. You can access the service from a
mobile phone or a land line. It's also voice activated, so you don't have to
press any numbers on your keypad if your driving or busy doing something
else. It's very simple, just say where you're looking and what you're looking
for. The service will then connect you dir... (more)
DAILY REAL ESTATE NEWS | THURSDAY, DECEMBER 29, 2011Pending home sales
continued to gain in November and reached the highest level in 19 months,
according to the National Association of REALTORS®.
The Pending Home Sales Index, a forward-looking indicator based on contract
signings, increased 7.3 percent to 100.1 in November from an upwardly revised
93.3 in October and is 5.9 percent above November 2010 when it stood at 94.5.
The October upward revision resulted in a 10.4 percent monthly gain.
The last time the index was higher was in April 2010 when it reached 111.5 as
buyers rushe... (more)
FIRST FLOOR FEATURES ENTRY HALL, LARGE LIVING ROOM WITH HARD WOOD FLOORS,
MODERN EAT-IN KITCHEN, NEWER HALF BATH AND DINING ROOM. THE SECOND FLOOR HAS
THREE BEDROOMS AND A FULL BATH. THE UNFINISHED BASEMENT CONTAINS A LANDRY
AREA. VERY DEEP BACKYARD, LARGE DRIVEWAY WITH PLENTY OF PARKING, NEWER ROOF,
TWO-CAR GARAGE WITH NEWER DOOR AND LARGE SHED. WITHIN MINUTES FROM MIDLAND
PARK AND RIDGEWOOD'S DOWNTOWN, THE MIDTOWN DIRECT TRAIN STATION TO NEW YORK
CITY'S PENN STATION AND NEWARK LIBERTY INTERNATIONAL AIRPORT. THIS IS A GREAT
OPPORTUNITY TO LIVE IN SOUGHT AFTER TOWN OF MI... (more)
Real Estate on Ulitzer
New Jersey's high cost of living makes it very difficult to purchase a home.
Bergen County, NJ is the highest among all markets in homeownership
affordability and also happens to be the most populous county in NJ.
The median home price in Bergen County is $481,250. According to a 2007
estimate by the US Census Bureau, the median income of a family is just shy
of $97,000. If you assume that not more than 28% of the household income
should be used for the mortgage payment, that would mean that it should not
be higher than $2,263 per month.
Based on today's m... (more)